Woodhouse Ford 401(k) match, vesting and fees
What Woodhouse Ford's 401(k) plan says about matching contributions
The Employers may make matching contributions equal to a discretionary percentage, to be determined annually by the Employers, of the participants’ elective deferrals. The Employers elected a matching contribution rate of one-half of the participant’s contributions that do not exceed 6% of eligible compensation for the year ended December 31, 2024.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 36 ↗ |
| Automatic enrollment | The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect a different deferral rate or not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 6% of eligible compensation and their contributions invested in a designated balanced fund until changed by the participant. | Audit report, p. 36 ↗ |
| Roth contributions | The Plan allows participants to designate contributions as Roth contributions. | Audit report, p. 36 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. | Audit report, p. 37 ↗ |
| Recordkeeper | Ascensus LLC | Schedule C ↗ |
| Independent auditor | Eide Bailly LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 479 defined-contribution plans in retail trade with 1,000 to 4,999 participants.
| Woodhouse Ford: employer contribution per participant | $1,565 | |
| Peer median | $1,023 |
| Woodhouse Ford: average balance | $62,826 | |
| Peer median | $43,395 |
| Woodhouse Ford: admin expenses ÷ assets | 0.23% | |
| Peer median | 0.23% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $79.6M at the end of plan year 2021 to $95.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,660 | $95.7M | $2.4M | $1,565 | 0.23% | Quoted in the audit report, p. 36 ↗ | Form 5500 ↗ |
| 2023 | 1,481 | $83.8M | $2.2M | $1,634 | 0.08% | Not published | Form 5500 ↗ |
| 2022 | 1,265 | $67.2M | $2.1M | $1,839 | 0.05% | Not published | Form 5500 ↗ |
| 2021 | 1,247 | $79.6M | $2M | $1,804 | 0.11% | Not published | Form 5500 ↗ |
Common questions
Does Woodhouse Ford match 401(k) contributions?
The audit report attached to the Woodhouse Auto Family 401(k) Plan's plan year 2024 Form 5500, page 36 says: “The Employers may make matching contributions equal to a discretionary percentage, to be determined annually by the Employers, of the participants’ elective deferrals. The Employers elected a matching contribution rate of one-half of the participant’s contributions that do not exceed 6% of eligible compensation for the year ended December 31, 2024.” Plan terms may have changed; check your current Summary Plan Description.
When is the Woodhouse Ford 401(k) match vested?
The vesting schedule for the Woodhouse Auto Family 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Woodhouse Ford 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Ascensus LLC. The plan administrator is Woodhouse Ford, Inc..
I left Woodhouse Ford. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Woodhouse Ford, Inc., (402) 315-3000) or the recordkeeper, Ascensus LLC. The Woodhouse Ford old 401(k) page lists the contacts from every plan filing. Find an old Woodhouse Ford 401(k)
Data from the public Form 5500 annual reports Woodhouse Ford filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Woodhouse Ford. Not financial advice. Report a correction · Methodology